The links to the problems are no longer working.
If you want updated videos (with working links) try this playlist:
https://youtu.be/2eG_UVdoJrA
In this series of videos we will prepare 7 types of budgets.
1.) Schedule of Expected CashCollections
2.) ProductionBudget
3.) Materials Purchases Budget
4.) Direct labour Budget
5.) Manufacturing Overhead Budget
6.) Selling and Administrative Budget
7.) Cash Budget
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.

published:08 Mar 2013

views:89512

What isCASH COLLECTION? What does CASH COLLECTION mean? CASH COLLECTION meaning - CASH COLLECTION definition - CASH COLLECTION explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Cash collection is a function of Accounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.
Unpaid invoices are considered outstanding.
Invoices are always issued with terms of payment. These terms vary widely from 'Cash terms', meaning that the invoice is due immediately, to many forms of 'Credit terms' (for example 30 days from date of invoice).
Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.
It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced debts do not become doubtful or bad.

published:23 Apr 2017

views:709

In this video, we discuss the cash collections budget. Sometimes the cash collections budget is incorporated into the cash budget but since this can be a confusing topic, I like to calculate it outside the cash budget. We discuss selling on account, accounts receivable, and calculating the amount of cash collected each month. You can download the entire budgeting problem on my website and see the rest of the videos in this series: http://accountinginfocus.com/managerial-accounting-2/budgeting/operating-budgets/

published:06 Apr 2015

views:8048

published:12 Nov 2013

views:17050

CASH COLLECTION FIND P.2 - WHAT'S IT WORTH!? Let's find out!
Thank you for watching, and hopefully enjoying some of my adventures. I appreciate you all very much like finding cash. Join me on my journey of finding gold, whether it be REAL gold or rusty crusty gold in storage units and elsewhere. The fun has only just begun. I invite you on my journey from a person with a dream, to a person who's accomplished their dreams. I'll repay you all in so many ways and have fun with that! Keep on rocking in the free world! Good wishes and happy vibes my brothers and sisters!
p.s. I want to tip my hat to my old college friend on this one. He saw a gold video of mine years back and said I needed "CHA CHING" sound effects. Here's that video buddy! I've got plenty of CHA CHINGS in there for ya, and more to come! CHAAAAA CHIIIINNNG!!! :D !!! Toot toot! (cha ching)

SUBSCRIBE TO NATIVE NUGGETS
https://www.youtube.com/channel/UCjsVVIsxmJK0ICptiN7_3pA
COMMENT LIKE AND SUBSCRIBE!!
INSTA aaron_hipps14
SNAPCHATAaron Hipps Facebook Fan PageClaw kicker
Hi im Aaron hipps I love claw machines! I love crane games so much I saved up and bought my own machine! This YouTube is all about Claw Machines, CraneGames and skill cranes. I love being on YouTube and love all my fans and subscribers. I reply to most of the comments I get on my YouTube videos. Hope to see u as a subscriber on my YouTube:)
BUSINESS aaronhippster@gmail.com

published:23 Dec 2017

views:3922931

SAPCash Management is SAP’s financial module used to manage companies’ cash position and liquidity forecast. This module relies heavily on the FI modules (General Ledger, Accounts Receivable and Payable) as main sources of information. It filters FI information to keep only cash relevant postings that it organizes and aggregates according to their cash flow characteristics. SAP Cash Management distinguishes between the cash position and the liquidity forecast. Although this distinction seems to indicate a difference in planning term (cash position referring to short term planning and liquidity forecast referring to mid-term planning), there is actually a more subtile difference. From SAP terminology point of view, the cash position is updated only when the amount, the term, the currency AND the cash account that will be debited or credited are known. When the cash account is unknown, SAP updates the liquidity forecast. This means that a movement on a bank account or a payment in transit account (represented by G/L accounts in the system) will update the cash position while an invoice on a customer account will affect only the liquidity forecast since the cash account that will be debited when the customer will pay his invoice is unknown as long as the payment has not occurred.
TransactionCode (Tcode):
FF73 - AutomaticCashConcentration
FF.8 - BankCorrespondence
FF.9 - Post Payment Advices from Cash Management and Forecast
FF7A - Cash Management and Forecast
FF7B - Cash Management and Forecast
FF63 - CreateMemoRecordSAP SE (Systems, Applications & Products in Data Processing) is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. SAP is headquartered in Walldorf, Baden-Württemberg, Germany, with regional offices in 130 countries.The company has over 293,500 customers in 190 countries.
In 1973, the first commercial product was launched. It was called SAP R/98 and offered a common system for multiple tasks. This permitted the use of a centralized data storage, improving the maintenance of data. From a technical point of view, therefore, a database was necessary.
In 1976, SAP GmbH was founded, and moved its headquarters the following year to Walldorf, Germany. Three years later, in 1979, SAP launched SAP R/2, expanding the capabilities of the system to other areas, such as material management and production planning. In 1981, SAP brought a re-designed product to market.

Cash collection

Cash collectionis a function ofAccounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.

Unpaid invoices are considered outstanding.

Invoices are always issued with terms of payment. These terms vary widely from 'Cash terms', meaning that the invoice is due immediately, to many forms of 'Credit terms' (for example 30 days from date of invoice).

Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.

It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced debts do not become doubtful or bad.

Cash

In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.

Etymology

The word is variously attributed. Some claim that the word "cash" comes from the modern French word caisse, which means (money) box, from the Provençal word caissa, from the Italiancassa, from the Latin capsa all meaning box. In the 18th century, the word passed to refer to the money instead of the actual box containing it. Another claim is that it was derived from Tamil word kāsu (Tamil:காசு) meaning a coin, by East India Company.

"Cash" used as a verb means "to convert to cash"; for example in the expression "to cash a cheque".

History

In Western Europe, after the Collapse of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of money, until Venetian merchants started using silver bars for large transactions in the early Middle Ages. In a separate development, Venetian merchants started using paper bills, instructing their banker to make payments. Similar marked silver bars were in use in lands where the Venetian merchants had established representative offices. The Byzantine empire and several states in the Balkan area and Kievan Rus also used marked silver bars for large payments. As the world economy developed and silver supplies increased, in particular after the colonization of South America, coins became larger and a standard coin for international payment developed from the 15th century: the Spanish and Spanish colonial coin of 8 reales. Its counterpart in gold was the Venetian ducat.

Cash was known for his deep, calm bass-baritone voice, the distinctive sound of his Tennessee Three backing band, a rebelliousness coupled with an increasingly somber and humble demeanor, free prison concerts, and a trademark look, which earned him the nickname "The Man in Black". He traditionally began his concerts with the simple "Hello, I'm Johnny Cash", followed by his signature "Folsom Prison Blues".

Cash management

In banking, cash management, or treasury management, is a marketing term for certain services related to cash flow offered primarily to larger business customers. It may be used to describe all bank accounts (such as checking accounts) provided to businesses of a certain size, but it is more often used to describe specific services such as cash concentration, zero balance accounting, and automated clearing house facilities. Sometimes, private banking customers are given cash management services.

Common services

The following is a list of services generally offered by banks and utilized by larger businesses and corporations:

In the past, other services have been offered the usefulness of which has diminished with the rise of the Internet. For example, companies could have daily faxes of their most recent transactions or be sent CD-ROMs of images of their cashed checks.

Budget 1 - Schedule of Expected Cash Collections

The links to the problems are no longer working.
If you want updated videos (with working links) try this playlist:
https://youtu.be/2eG_UVdoJrA
In this series of videos we will prepare 7 types of budgets.
1.) Schedule of Expected CashCollections
2.) ProductionBudget
3.) Materials Purchases Budget
4.) Direct labour Budget
5.) Manufacturing Overhead Budget
6.) Selling and Administrative Budget
7.) Cash Budget
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.

What isCASH COLLECTION? What does CASH COLLECTION mean? CASH COLLECTION meaning - CASH COLLECTION definition - CASH COLLECTION explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Cash collection is a function of Accounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.
Unpaid invoices are considered outstanding.
Invoices are always issued with terms of payment. These terms vary widely from 'Cash terms', meaning that the invoice is due immediately, to many forms of 'Credit terms' (for example 30 days from date of invoice).
Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.
It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced debts do not become doubtful or bad.

10:36

Cash Collections Budget

Cash Collections Budget

Cash Collections Budget

In this video, we discuss the cash collections budget. Sometimes the cash collections budget is incorporated into the cash budget but since this can be a confusing topic, I like to calculate it outside the cash budget. We discuss selling on account, accounts receivable, and calculating the amount of cash collected each month. You can download the entire budgeting problem on my website and see the rest of the videos in this series: http://accountinginfocus.com/managerial-accounting-2/budgeting/operating-budgets/

7:03

Billing and Cash Collections

Billing and Cash Collections

Billing and Cash Collections

3:59

Storage Wars North - INTERNATIONAL CASH COLLECTION FIND part 2

Storage Wars North - INTERNATIONAL CASH COLLECTION FIND part 2

Storage Wars North - INTERNATIONAL CASH COLLECTION FIND part 2

CASH COLLECTION FIND P.2 - WHAT'S IT WORTH!? Let's find out!
Thank you for watching, and hopefully enjoying some of my adventures. I appreciate you all very much like finding cash. Join me on my journey of finding gold, whether it be REAL gold or rusty crusty gold in storage units and elsewhere. The fun has only just begun. I invite you on my journey from a person with a dream, to a person who's accomplished their dreams. I'll repay you all in so many ways and have fun with that! Keep on rocking in the free world! Good wishes and happy vibes my brothers and sisters!
p.s. I want to tip my hat to my old college friend on this one. He saw a gold video of mine years back and said I needed "CHA CHING" sound effects. Here's that video buddy! I've got plenty of CHA CHINGS in there for ya, and more to come! CHAAAAA CHIIIINNNG!!! :D !!! Toot toot! (cha ching)

PULLING CASH FROM MY ARCADE!!!

SUBSCRIBE TO NATIVE NUGGETS
https://www.youtube.com/channel/UCjsVVIsxmJK0ICptiN7_3pA
COMMENT LIKE AND SUBSCRIBE!!
INSTA aaron_hipps14
SNAPCHATAaron Hipps Facebook Fan PageClaw kicker
Hi im Aaron hipps I love claw machines! I love crane games so much I saved up and bought my own machine! This YouTube is all about Claw Machines, CraneGames and skill cranes. I love being on YouTube and love all my fans and subscribers. I reply to most of the comments I get on my YouTube videos. Hope to see u as a subscriber on my YouTube:)
BUSINESS aaronhippster@gmail.com

12:42

Accounting Cash Collection With SAP Collections Management

Accounting Cash Collection With SAP Collections Management

Accounting Cash Collection With SAP Collections Management

SAPCash Management is SAP’s financial module used to manage companies’ cash position and liquidity forecast. This module relies heavily on the FI modules (General Ledger, Accounts Receivable and Payable) as main sources of information. It filters FI information to keep only cash relevant postings that it organizes and aggregates according to their cash flow characteristics. SAP Cash Management distinguishes between the cash position and the liquidity forecast. Although this distinction seems to indicate a difference in planning term (cash position referring to short term planning and liquidity forecast referring to mid-term planning), there is actually a more subtile difference. From SAP terminology point of view, the cash position is updated only when the amount, the term, the currency AND the cash account that will be debited or credited are known. When the cash account is unknown, SAP updates the liquidity forecast. This means that a movement on a bank account or a payment in transit account (represented by G/L accounts in the system) will update the cash position while an invoice on a customer account will affect only the liquidity forecast since the cash account that will be debited when the customer will pay his invoice is unknown as long as the payment has not occurred.
TransactionCode (Tcode):
FF73 - AutomaticCashConcentration
FF.8 - BankCorrespondence
FF.9 - Post Payment Advices from Cash Management and Forecast
FF7A - Cash Management and Forecast
FF7B - Cash Management and Forecast
FF63 - CreateMemoRecordSAP SE (Systems, Applications & Products in Data Processing) is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. SAP is headquartered in Walldorf, Baden-Württemberg, Germany, with regional offices in 130 countries.The company has over 293,500 customers in 190 countries.
In 1973, the first commercial product was launched. It was called SAP R/98 and offered a common system for multiple tasks. This permitted the use of a centralized data storage, improving the maintenance of data. From a technical point of view, therefore, a database was necessary.
In 1976, SAP GmbH was founded, and moved its headquarters the following year to Walldorf, Germany. Three years later, in 1979, SAP launched SAP R/2, expanding the capabilities of the system to other areas, such as material management and production planning. In 1981, SAP brought a re-designed product to market.

A-R is usually the largest or second largest asset in a company, watch this video to learn how you can transform your business and improve your cash flow through effective credit and collections management.

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Auditors use the same methodology for designing tests of controls and substantive tests of transactions for cash receipts as they use for sales. Cash receipts tests of controls and substantive tests of transactions audit procedures are developed around the same framework used for sales, but of course the specific objectives are applied to cash receipts. Given the transaction-related audit objectives, the auditor follows this process:
Determine key internal controls for each audit objective
Design tests of control for each control used to support a reduced control risk
Design substantive tests of transactions to test for monetary misstatements for each objective
As in all other audit areas, the tests of controls depend on the controls the auditor identifies, the extent they will be relied on to reduce assessed control risk, and whether the company being audited is publicly traded.
Because the methodology for cash receipts is similar to that for sales, our discussion is not as detailed as our discussion of the internal controls, tests of controls, and substantive tests of transactions for the audit of sales. Instead, we focus on the substantive audit procedures that are most likely to be misunderstood.
An essential part of the auditor’s responsibility in auditing cash receipts is to identify deficiencies in internal control that increase the likelihood of fraud.
he most difficult type of cash embezzlement for auditors to detect is when it occurs before the cash is recorded in the cash receipts journal or other cash listing, especially if the sale and cash receipt are recorded simultaneously. For example, if a grocery store clerk takes cash and intentionally fails to record the sale and receipt of cash on the cash register, it is extremely difficult to discover the theft.
e type of control will, of course, depend on the type of business. For example, the controls for a retail store in which the cash is received by the same person who sells the merchandise and enters cash receipts in a cash register should be different from the controls for a company in which all receipts are received through the mail several weeks after the sales have taken place.
It is normal practice to trace from prenumbered remittance advices or prelists of cash receipts to the cash receipts journal and subsidiary accounts receivable records as a substantive test of the recording of actual cash received. This test will be effective only if a prelisting or other record of payments was prepared at the time payments were received.
PrepareProof of Cash Receipts
A useful audit procedure to test whether all recorded cash receipts have been deposited in the bank account is a proof of cash receipts. In this test, the total cash receipts recorded in the cash receipts journal for a given period, such as a month, are reconciled with the actual deposits made to the bank during the same period. A difference in the two may be the result of deposits in transit and other items, but the amounts can be reconciled and compared. This procedure is not useful in discovering cash receipts that have not been recorded in the journals or time lags in making deposits, but it can help uncover recorded cash receipts that have not been deposited, unrecorded deposits, unrecorded loans, bank loans deposited directly into the bank account, and similar misstatements. Ordinarily, this somewhat time-consuming procedure is used only when the controls are deficient. In rare instances, when controls are extremely weak, the period covered by the proof of cash receipts may cover the entire year.
Lapping of accounts receivable is the postponement of entries for the collection of receivables to conceal an existing cash shortage. The embezzlement is perpetrated by a person who handles cash receipts and then enters them into the computer system. He or she defers recording the cash receipts from one customer and covers the shortages with receipts of another. These in turn are covered from the receipts of a third customer a few days later. The employee must continue to cover the shortage through repeated lapping, replace the stolen money, or find another way to conceal the shortage.
This embezzlement can be easily prevented by separation of duties and a mandatory vacation policy for employees who both handle cash and enter cash receipts into the system. It can be detected by comparing the name, amount, and dates shown on remittance advices with cash receipts journal entries and related duplicate deposit slips. Because this procedure is relatively time-consuming, it is ordinarily performed only when specific concerns with embezzlement exist because of a deficiency in internal control.

Accounting 101: Cash Collections - by Luke & Sanja

How to turn your vintage toy collection into cash

US Toy HunterJordan Hembrough gives his tips on how to make money from collectible toys
Get the latest headlines http://www.telegraph.co.uk/
Subscribe to The Telegraph http://www.youtube.com/subscription_center?add_user=telegraphtv
Like us on Facebook http://www.facebook.com/telegraph.co.uk
Follow us on Twitter https://twitter.com/telegraph
Follow us on Google+ https://plus.google.com/102891355072777008500/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

Budget 1 - Schedule of Expected Cash Collections

The links to the problems are no longer working.
If you want updated videos (with working links) try this playlist:
https://youtu.be/2eG_UVdoJrA
In this series of videos we will prepare 7 types of budgets.
1.) Schedule of Expected CashCollections
2.) ProductionBudget
3.) Materials Purchases Budget
4.) Direct labour Budget
5.) Manufacturing Overhead Budget
6.) Selling and Administrative Budget
7.) Cash Budget
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.

What isCASH COLLECTION? What does CASH COLLECTION mean? CASH COLLECTION meaning - CASH COLLECTION definition - CASH COLLECTION explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Cash collection is a function of Accounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.
Unpaid invoices are considered outstanding.
Invoices are always issued with terms of payment. These terms vary widely from 'Cash terms', meaning that the invoice is due immediately, to many forms of 'Credit terms' (for example 30 days from date of invoice).
Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.
It is the aim of the Cash collection functi...

published: 23 Apr 2017

Cash Collections Budget

In this video, we discuss the cash collections budget. Sometimes the cash collections budget is incorporated into the cash budget but since this can be a confusing topic, I like to calculate it outside the cash budget. We discuss selling on account, accounts receivable, and calculating the amount of cash collected each month. You can download the entire budgeting problem on my website and see the rest of the videos in this series: http://accountinginfocus.com/managerial-accounting-2/budgeting/operating-budgets/

published: 06 Apr 2015

Billing and Cash Collections

published: 12 Nov 2013

Storage Wars North - INTERNATIONAL CASH COLLECTION FIND part 2

CASH COLLECTION FIND P.2 - WHAT'S IT WORTH!? Let's find out!
Thank you for watching, and hopefully enjoying some of my adventures. I appreciate you all very much like finding cash. Join me on my journey of finding gold, whether it be REAL gold or rusty crusty gold in storage units and elsewhere. The fun has only just begun. I invite you on my journey from a person with a dream, to a person who's accomplished their dreams. I'll repay you all in so many ways and have fun with that! Keep on rocking in the free world! Good wishes and happy vibes my brothers and sisters!
p.s. I want to tip my hat to my old college friend on this one. He saw a gold video of mine years back and said I needed "CHA CHING" sound effects. Here's that video buddy! I've got plenty of CHA CHINGS in there for ya, and m...

PULLING CASH FROM MY ARCADE!!!

SUBSCRIBE TO NATIVE NUGGETS
https://www.youtube.com/channel/UCjsVVIsxmJK0ICptiN7_3pA
COMMENT LIKE AND SUBSCRIBE!!
INSTA aaron_hipps14
SNAPCHATAaron Hipps Facebook Fan PageClaw kicker
Hi im Aaron hipps I love claw machines! I love crane games so much I saved up and bought my own machine! This YouTube is all about Claw Machines, CraneGames and skill cranes. I love being on YouTube and love all my fans and subscribers. I reply to most of the comments I get on my YouTube videos. Hope to see u as a subscriber on my YouTube:)
BUSINESS aaronhippster@gmail.com

published: 23 Dec 2017

Accounting Cash Collection With SAP Collections Management

SAPCash Management is SAP’s financial module used to manage companies’ cash position and liquidity forecast. This module relies heavily on the FI modules (General Ledger, Accounts Receivable and Payable) as main sources of information. It filters FI information to keep only cash relevant postings that it organizes and aggregates according to their cash flow characteristics. SAP Cash Management distinguishes between the cash position and the liquidity forecast. Although this distinction seems to indicate a difference in planning term (cash position referring to short term planning and liquidity forecast referring to mid-term planning), there is actually a more subtile difference. From SAP terminology point of view, the cash position is updated only when the amount, the term, the currency A...

A-R is usually the largest or second largest asset in a company, watch this video to learn how you can transform your business and improve your cash flow through effective credit and collections management.

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Auditors use the same methodology for designing tests of controls and substantive tests of transactions for cash receipts as they use for sales. Cash receipts tests of controls and substantive tests of transactions audit procedures are developed around the same framework used for sales, but of course the specific objectives are applied to cash receipts. Given the transaction-related audit objectives, the auditor follows this process:
Determine key internal controls for each audit objective
Design tests of control for each control used to ...

published: 05 Nov 2017

Accounting 101: Cash Collections - by Luke & Sanja

How to turn your vintage toy collection into cash

US Toy HunterJordan Hembrough gives his tips on how to make money from collectible toys
Get the latest headlines http://www.telegraph.co.uk/
Subscribe to The Telegraph http://www.youtube.com/subscription_center?add_user=telegraphtv
Like us on Facebook http://www.facebook.com/telegraph.co.uk
Follow us on Twitter https://twitter.com/telegraph
Follow us on Google+ https://plus.google.com/102891355072777008500/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

Budget 1 - Schedule of Expected Cash Collections

The links to the problems are no longer working.
If you want updated videos (with working links) try this playlist:
https://youtu.be/2eG_UVdoJrA
In this series...

The links to the problems are no longer working.
If you want updated videos (with working links) try this playlist:
https://youtu.be/2eG_UVdoJrA
In this series of videos we will prepare 7 types of budgets.
1.) Schedule of Expected CashCollections
2.) ProductionBudget
3.) Materials Purchases Budget
4.) Direct labour Budget
5.) Manufacturing Overhead Budget
6.) Selling and Administrative Budget
7.) Cash Budget
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.

The links to the problems are no longer working.
If you want updated videos (with working links) try this playlist:
https://youtu.be/2eG_UVdoJrA
In this series of videos we will prepare 7 types of budgets.
1.) Schedule of Expected CashCollections
2.) ProductionBudget
3.) Materials Purchases Budget
4.) Direct labour Budget
5.) Manufacturing Overhead Budget
6.) Selling and Administrative Budget
7.) Cash Budget
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.

What isCASH COLLECTION? What does CASH COLLECTION mean? CASH COLLECTION meaning - CASH COLLECTION definition - CASH COLLECTION explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Cash collection is a function of Accounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.
Unpaid invoices are considered outstanding.
Invoices are always issued with terms of payment. These terms vary widely from 'Cash terms', meaning that the invoice is due immediately, to many forms of 'Credit terms' (for example 30 days from date of invoice).
Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.
It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced debts do not become doubtful or bad.

What isCASH COLLECTION? What does CASH COLLECTION mean? CASH COLLECTION meaning - CASH COLLECTION definition - CASH COLLECTION explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Cash collection is a function of Accounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.
Unpaid invoices are considered outstanding.
Invoices are always issued with terms of payment. These terms vary widely from 'Cash terms', meaning that the invoice is due immediately, to many forms of 'Credit terms' (for example 30 days from date of invoice).
Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.
It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced debts do not become doubtful or bad.

Cash Collections Budget

In this video, we discuss the cash collections budget. Sometimes the cash collections budget is incorporated into the cash budget but since this can be a confus...

In this video, we discuss the cash collections budget. Sometimes the cash collections budget is incorporated into the cash budget but since this can be a confusing topic, I like to calculate it outside the cash budget. We discuss selling on account, accounts receivable, and calculating the amount of cash collected each month. You can download the entire budgeting problem on my website and see the rest of the videos in this series: http://accountinginfocus.com/managerial-accounting-2/budgeting/operating-budgets/

In this video, we discuss the cash collections budget. Sometimes the cash collections budget is incorporated into the cash budget but since this can be a confusing topic, I like to calculate it outside the cash budget. We discuss selling on account, accounts receivable, and calculating the amount of cash collected each month. You can download the entire budgeting problem on my website and see the rest of the videos in this series: http://accountinginfocus.com/managerial-accounting-2/budgeting/operating-budgets/

Storage Wars North - INTERNATIONAL CASH COLLECTION FIND part 2

CASH COLLECTION FIND P.2 - WHAT'S IT WORTH!? Let's find out!
Thank you for watching, and hopefully enjoying some of my adventures. I appreciate you all very mu...

CASH COLLECTION FIND P.2 - WHAT'S IT WORTH!? Let's find out!
Thank you for watching, and hopefully enjoying some of my adventures. I appreciate you all very much like finding cash. Join me on my journey of finding gold, whether it be REAL gold or rusty crusty gold in storage units and elsewhere. The fun has only just begun. I invite you on my journey from a person with a dream, to a person who's accomplished their dreams. I'll repay you all in so many ways and have fun with that! Keep on rocking in the free world! Good wishes and happy vibes my brothers and sisters!
p.s. I want to tip my hat to my old college friend on this one. He saw a gold video of mine years back and said I needed "CHA CHING" sound effects. Here's that video buddy! I've got plenty of CHA CHINGS in there for ya, and more to come! CHAAAAA CHIIIINNNG!!! :D !!! Toot toot! (cha ching)

CASH COLLECTION FIND P.2 - WHAT'S IT WORTH!? Let's find out!
Thank you for watching, and hopefully enjoying some of my adventures. I appreciate you all very much like finding cash. Join me on my journey of finding gold, whether it be REAL gold or rusty crusty gold in storage units and elsewhere. The fun has only just begun. I invite you on my journey from a person with a dream, to a person who's accomplished their dreams. I'll repay you all in so many ways and have fun with that! Keep on rocking in the free world! Good wishes and happy vibes my brothers and sisters!
p.s. I want to tip my hat to my old college friend on this one. He saw a gold video of mine years back and said I needed "CHA CHING" sound effects. Here's that video buddy! I've got plenty of CHA CHINGS in there for ya, and more to come! CHAAAAA CHIIIINNNG!!! :D !!! Toot toot! (cha ching)

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SNAPCHATAaron Hipps Facebook Fan PageClaw kicker
Hi im Aaron hipps I love claw machines! I love crane games so much I saved up and bought my own machine! This YouTube is all about Claw Machines, CraneGames and skill cranes. I love being on YouTube and love all my fans and subscribers. I reply to most of the comments I get on my YouTube videos. Hope to see u as a subscriber on my YouTube:)
BUSINESS aaronhippster@gmail.com

SUBSCRIBE TO NATIVE NUGGETS
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COMMENT LIKE AND SUBSCRIBE!!
INSTA aaron_hipps14
SNAPCHATAaron Hipps Facebook Fan PageClaw kicker
Hi im Aaron hipps I love claw machines! I love crane games so much I saved up and bought my own machine! This YouTube is all about Claw Machines, CraneGames and skill cranes. I love being on YouTube and love all my fans and subscribers. I reply to most of the comments I get on my YouTube videos. Hope to see u as a subscriber on my YouTube:)
BUSINESS aaronhippster@gmail.com

Accounting Cash Collection With SAP Collections Management

SAPCash Management is SAP’s financial module used to manage companies’ cash position and liquidity forecast. This module relies heavily on the FI modules (Gene...

SAPCash Management is SAP’s financial module used to manage companies’ cash position and liquidity forecast. This module relies heavily on the FI modules (General Ledger, Accounts Receivable and Payable) as main sources of information. It filters FI information to keep only cash relevant postings that it organizes and aggregates according to their cash flow characteristics. SAP Cash Management distinguishes between the cash position and the liquidity forecast. Although this distinction seems to indicate a difference in planning term (cash position referring to short term planning and liquidity forecast referring to mid-term planning), there is actually a more subtile difference. From SAP terminology point of view, the cash position is updated only when the amount, the term, the currency AND the cash account that will be debited or credited are known. When the cash account is unknown, SAP updates the liquidity forecast. This means that a movement on a bank account or a payment in transit account (represented by G/L accounts in the system) will update the cash position while an invoice on a customer account will affect only the liquidity forecast since the cash account that will be debited when the customer will pay his invoice is unknown as long as the payment has not occurred.
TransactionCode (Tcode):
FF73 - AutomaticCashConcentration
FF.8 - BankCorrespondence
FF.9 - Post Payment Advices from Cash Management and Forecast
FF7A - Cash Management and Forecast
FF7B - Cash Management and Forecast
FF63 - CreateMemoRecordSAP SE (Systems, Applications & Products in Data Processing) is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. SAP is headquartered in Walldorf, Baden-Württemberg, Germany, with regional offices in 130 countries.The company has over 293,500 customers in 190 countries.
In 1973, the first commercial product was launched. It was called SAP R/98 and offered a common system for multiple tasks. This permitted the use of a centralized data storage, improving the maintenance of data. From a technical point of view, therefore, a database was necessary.
In 1976, SAP GmbH was founded, and moved its headquarters the following year to Walldorf, Germany. Three years later, in 1979, SAP launched SAP R/2, expanding the capabilities of the system to other areas, such as material management and production planning. In 1981, SAP brought a re-designed product to market.

SAPCash Management is SAP’s financial module used to manage companies’ cash position and liquidity forecast. This module relies heavily on the FI modules (General Ledger, Accounts Receivable and Payable) as main sources of information. It filters FI information to keep only cash relevant postings that it organizes and aggregates according to their cash flow characteristics. SAP Cash Management distinguishes between the cash position and the liquidity forecast. Although this distinction seems to indicate a difference in planning term (cash position referring to short term planning and liquidity forecast referring to mid-term planning), there is actually a more subtile difference. From SAP terminology point of view, the cash position is updated only when the amount, the term, the currency AND the cash account that will be debited or credited are known. When the cash account is unknown, SAP updates the liquidity forecast. This means that a movement on a bank account or a payment in transit account (represented by G/L accounts in the system) will update the cash position while an invoice on a customer account will affect only the liquidity forecast since the cash account that will be debited when the customer will pay his invoice is unknown as long as the payment has not occurred.
TransactionCode (Tcode):
FF73 - AutomaticCashConcentration
FF.8 - BankCorrespondence
FF.9 - Post Payment Advices from Cash Management and Forecast
FF7A - Cash Management and Forecast
FF7B - Cash Management and Forecast
FF63 - CreateMemoRecordSAP SE (Systems, Applications & Products in Data Processing) is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. SAP is headquartered in Walldorf, Baden-Württemberg, Germany, with regional offices in 130 countries.The company has over 293,500 customers in 190 countries.
In 1973, the first commercial product was launched. It was called SAP R/98 and offered a common system for multiple tasks. This permitted the use of a centralized data storage, improving the maintenance of data. From a technical point of view, therefore, a database was necessary.
In 1976, SAP GmbH was founded, and moved its headquarters the following year to Walldorf, Germany. Three years later, in 1979, SAP launched SAP R/2, expanding the capabilities of the system to other areas, such as material management and production planning. In 1981, SAP brought a re-designed product to market.

A-R is usually the largest or second largest asset in a company, watch this video to learn how you can transform your business and improve your cash flow throug...

A-R is usually the largest or second largest asset in a company, watch this video to learn how you can transform your business and improve your cash flow through effective credit and collections management.

A-R is usually the largest or second largest asset in a company, watch this video to learn how you can transform your business and improve your cash flow through effective credit and collections management.

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Visit the website where you can search using a specific term:
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...

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Auditors use the same methodology for designing tests of controls and substantive tests of transactions for cash receipts as they use for sales. Cash receipts tests of controls and substantive tests of transactions audit procedures are developed around the same framework used for sales, but of course the specific objectives are applied to cash receipts. Given the transaction-related audit objectives, the auditor follows this process:
Determine key internal controls for each audit objective
Design tests of control for each control used to support a reduced control risk
Design substantive tests of transactions to test for monetary misstatements for each objective
As in all other audit areas, the tests of controls depend on the controls the auditor identifies, the extent they will be relied on to reduce assessed control risk, and whether the company being audited is publicly traded.
Because the methodology for cash receipts is similar to that for sales, our discussion is not as detailed as our discussion of the internal controls, tests of controls, and substantive tests of transactions for the audit of sales. Instead, we focus on the substantive audit procedures that are most likely to be misunderstood.
An essential part of the auditor’s responsibility in auditing cash receipts is to identify deficiencies in internal control that increase the likelihood of fraud.
he most difficult type of cash embezzlement for auditors to detect is when it occurs before the cash is recorded in the cash receipts journal or other cash listing, especially if the sale and cash receipt are recorded simultaneously. For example, if a grocery store clerk takes cash and intentionally fails to record the sale and receipt of cash on the cash register, it is extremely difficult to discover the theft.
e type of control will, of course, depend on the type of business. For example, the controls for a retail store in which the cash is received by the same person who sells the merchandise and enters cash receipts in a cash register should be different from the controls for a company in which all receipts are received through the mail several weeks after the sales have taken place.
It is normal practice to trace from prenumbered remittance advices or prelists of cash receipts to the cash receipts journal and subsidiary accounts receivable records as a substantive test of the recording of actual cash received. This test will be effective only if a prelisting or other record of payments was prepared at the time payments were received.
PrepareProof of Cash Receipts
A useful audit procedure to test whether all recorded cash receipts have been deposited in the bank account is a proof of cash receipts. In this test, the total cash receipts recorded in the cash receipts journal for a given period, such as a month, are reconciled with the actual deposits made to the bank during the same period. A difference in the two may be the result of deposits in transit and other items, but the amounts can be reconciled and compared. This procedure is not useful in discovering cash receipts that have not been recorded in the journals or time lags in making deposits, but it can help uncover recorded cash receipts that have not been deposited, unrecorded deposits, unrecorded loans, bank loans deposited directly into the bank account, and similar misstatements. Ordinarily, this somewhat time-consuming procedure is used only when the controls are deficient. In rare instances, when controls are extremely weak, the period covered by the proof of cash receipts may cover the entire year.
Lapping of accounts receivable is the postponement of entries for the collection of receivables to conceal an existing cash shortage. The embezzlement is perpetrated by a person who handles cash receipts and then enters them into the computer system. He or she defers recording the cash receipts from one customer and covers the shortages with receipts of another. These in turn are covered from the receipts of a third customer a few days later. The employee must continue to cover the shortage through repeated lapping, replace the stolen money, or find another way to conceal the shortage.
This embezzlement can be easily prevented by separation of duties and a mandatory vacation policy for employees who both handle cash and enter cash receipts into the system. It can be detected by comparing the name, amount, and dates shown on remittance advices with cash receipts journal entries and related duplicate deposit slips. Because this procedure is relatively time-consuming, it is ordinarily performed only when specific concerns with embezzlement exist because of a deficiency in internal control.

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http://www.farhatlectures.org/
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https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Auditors use the same methodology for designing tests of controls and substantive tests of transactions for cash receipts as they use for sales. Cash receipts tests of controls and substantive tests of transactions audit procedures are developed around the same framework used for sales, but of course the specific objectives are applied to cash receipts. Given the transaction-related audit objectives, the auditor follows this process:
Determine key internal controls for each audit objective
Design tests of control for each control used to support a reduced control risk
Design substantive tests of transactions to test for monetary misstatements for each objective
As in all other audit areas, the tests of controls depend on the controls the auditor identifies, the extent they will be relied on to reduce assessed control risk, and whether the company being audited is publicly traded.
Because the methodology for cash receipts is similar to that for sales, our discussion is not as detailed as our discussion of the internal controls, tests of controls, and substantive tests of transactions for the audit of sales. Instead, we focus on the substantive audit procedures that are most likely to be misunderstood.
An essential part of the auditor’s responsibility in auditing cash receipts is to identify deficiencies in internal control that increase the likelihood of fraud.
he most difficult type of cash embezzlement for auditors to detect is when it occurs before the cash is recorded in the cash receipts journal or other cash listing, especially if the sale and cash receipt are recorded simultaneously. For example, if a grocery store clerk takes cash and intentionally fails to record the sale and receipt of cash on the cash register, it is extremely difficult to discover the theft.
e type of control will, of course, depend on the type of business. For example, the controls for a retail store in which the cash is received by the same person who sells the merchandise and enters cash receipts in a cash register should be different from the controls for a company in which all receipts are received through the mail several weeks after the sales have taken place.
It is normal practice to trace from prenumbered remittance advices or prelists of cash receipts to the cash receipts journal and subsidiary accounts receivable records as a substantive test of the recording of actual cash received. This test will be effective only if a prelisting or other record of payments was prepared at the time payments were received.
PrepareProof of Cash Receipts
A useful audit procedure to test whether all recorded cash receipts have been deposited in the bank account is a proof of cash receipts. In this test, the total cash receipts recorded in the cash receipts journal for a given period, such as a month, are reconciled with the actual deposits made to the bank during the same period. A difference in the two may be the result of deposits in transit and other items, but the amounts can be reconciled and compared. This procedure is not useful in discovering cash receipts that have not been recorded in the journals or time lags in making deposits, but it can help uncover recorded cash receipts that have not been deposited, unrecorded deposits, unrecorded loans, bank loans deposited directly into the bank account, and similar misstatements. Ordinarily, this somewhat time-consuming procedure is used only when the controls are deficient. In rare instances, when controls are extremely weak, the period covered by the proof of cash receipts may cover the entire year.
Lapping of accounts receivable is the postponement of entries for the collection of receivables to conceal an existing cash shortage. The embezzlement is perpetrated by a person who handles cash receipts and then enters them into the computer system. He or she defers recording the cash receipts from one customer and covers the shortages with receipts of another. These in turn are covered from the receipts of a third customer a few days later. The employee must continue to cover the shortage through repeated lapping, replace the stolen money, or find another way to conceal the shortage.
This embezzlement can be easily prevented by separation of duties and a mandatory vacation policy for employees who both handle cash and enter cash receipts into the system. It can be detected by comparing the name, amount, and dates shown on remittance advices with cash receipts journal entries and related duplicate deposit slips. Because this procedure is relatively time-consuming, it is ordinarily performed only when specific concerns with embezzlement exist because of a deficiency in internal control.

How to turn your vintage toy collection into cash

US Toy HunterJordan Hembrough gives his tips on how to make money from collectible toys
Get the latest headlines http://www.telegraph.co.uk/
Subscribe to The ...

US Toy HunterJordan Hembrough gives his tips on how to make money from collectible toys
Get the latest headlines http://www.telegraph.co.uk/
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Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

US Toy HunterJordan Hembrough gives his tips on how to make money from collectible toys
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Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

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Auditors use the same methodology for designing tests of controls and substantive tests of transactions for cash receipts as they use for sales. Cash receipts tests of controls and substantive tests of transactions audit procedures are developed around the same framework used for sales, but of course the specific objectives are applied to cash receipts. Given the transaction-related audit objectives, the auditor follows this process:
Determine key internal controls for each audit objective
Design tests of control for each control used to ...

Collections Management Cash is King

published: 01 Sep 2016

cash - a collection of thoughts (full album mix) [ambient]

a collection of thoughts.
this album is not exactly my best work, heck i hate every song out of it but the reason i’m putting it out is cause honestly, they’re really personal and i made each song with all my heart.
this album is a collection of various pieces, composed by your truly that expresses different emotions and phases of my life or you could say it’s just a weird teen whining and crying for no reason.
this album represents how i dealt with everything i went through, from all the bullying in school to the bad writers’ blocks and tried expressing them through these pieces in the best way i possibly could.
thank you for all the support, it’s incredible and was one of the things that inspired me to work on an album. i’ll be back with more music i hope soon.
love,
your boy cash
...

A full tour of the 2012Johnny Cash box set which contains every album he recorded for Columbia Records. See all 63 discs, the book that comes with the set, and learn how to complete your Johnny Cash discography with the albums not included in the box.
Check out our ElvisCompleteCollection Unboxing here:
https://youtu.be/t31PmBmBdr0
Buy the set here:
https://www.amazon.com/Complete-Columbia-Album-Collection/dp/B008DDC874/ref=sr_1_1?ie=UTF8&qid=1505417499&sr=8-1&keywords=johnny+cash+columbia+albums
Be sure to visit CerealAtMidnight.com for more stuff to keep you up until dawn.

published: 14 Sep 2017

Johnny Cash Greatest Hits Johnny Cash collection cover 2017

published: 03 Dec 2016

Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash

Johnny CashGreatest Hits Full Album 2017 | Best Of Johnny Cash
Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash
Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash
LinkVideo: https://youtu.be/5jJnGEwcAhc

Watch the on-demand webinar where through a client's case study, our Oracle expert will help you understand how you can improve cash flow, increase efficiency and optimize customer relationships.
A social media company shifted from AR Collections to Oracle Collections and improved the effectiveness of their collection agents.
Are your collection agents spending more time answering customer inquiries and handling disputes than actually collecting payments? Is your collection process labor intensive and inefficient? Can your collection agents quickly assess the high risk accounts and transactions to prioritize and focus their collection efforts?
For more information, please visit: http://www.jadeglobal.com
Also connect with us on:
LinkedIn: https://www.linkedin.com/company/jade-global
Tw...

17 Ways to Improve Your Order to Cash Cycle

Watch this video to learn 17 tips to help you speed up the order to cash cycle in your business by improving the accounts receivable management and invoice collection process. Learn more about improving the order to cash cycle at www.anytimecollect.com

published: 10 Apr 2015

Cost Accounting 18: Cash Budgeting- Receivables and Payables

This video addresses planning a cash budget- the timing of receivables and payables. Ken Boyd is the owner of St. LouisTest Preparation (www.stltest.net). He provides tutoring in accounting and finance to both graduate and undergraduate students. As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to education.

Like us on Facebook:
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Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
...

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Auditors use the same methodology for designing tests of controls and substantive tests of transactions for cash receipts as they use for sales. Cash receipts tests of controls and substantive tests of transactions audit procedures are developed around the same framework used for sales, but of course the specific objectives are applied to cash receipts. Given the transaction-related audit objectives, the auditor follows this process:
Determine key internal controls for each audit objective
Design tests of control for each control used to support a reduced control risk
Design substantive tests of transactions to test for monetary misstatements for each objective
As in all other audit areas, the tests of controls depend on the controls the auditor identifies, the extent they will be relied on to reduce assessed control risk, and whether the company being audited is publicly traded.
Because the methodology for cash receipts is similar to that for sales, our discussion is not as detailed as our discussion of the internal controls, tests of controls, and substantive tests of transactions for the audit of sales. Instead, we focus on the substantive audit procedures that are most likely to be misunderstood.
An essential part of the auditor’s responsibility in auditing cash receipts is to identify deficiencies in internal control that increase the likelihood of fraud.
he most difficult type of cash embezzlement for auditors to detect is when it occurs before the cash is recorded in the cash receipts journal or other cash listing, especially if the sale and cash receipt are recorded simultaneously. For example, if a grocery store clerk takes cash and intentionally fails to record the sale and receipt of cash on the cash register, it is extremely difficult to discover the theft.
e type of control will, of course, depend on the type of business. For example, the controls for a retail store in which the cash is received by the same person who sells the merchandise and enters cash receipts in a cash register should be different from the controls for a company in which all receipts are received through the mail several weeks after the sales have taken place.
It is normal practice to trace from prenumbered remittance advices or prelists of cash receipts to the cash receipts journal and subsidiary accounts receivable records as a substantive test of the recording of actual cash received. This test will be effective only if a prelisting or other record of payments was prepared at the time payments were received.
PrepareProof of Cash Receipts
A useful audit procedure to test whether all recorded cash receipts have been deposited in the bank account is a proof of cash receipts. In this test, the total cash receipts recorded in the cash receipts journal for a given period, such as a month, are reconciled with the actual deposits made to the bank during the same period. A difference in the two may be the result of deposits in transit and other items, but the amounts can be reconciled and compared. This procedure is not useful in discovering cash receipts that have not been recorded in the journals or time lags in making deposits, but it can help uncover recorded cash receipts that have not been deposited, unrecorded deposits, unrecorded loans, bank loans deposited directly into the bank account, and similar misstatements. Ordinarily, this somewhat time-consuming procedure is used only when the controls are deficient. In rare instances, when controls are extremely weak, the period covered by the proof of cash receipts may cover the entire year.
Lapping of accounts receivable is the postponement of entries for the collection of receivables to conceal an existing cash shortage. The embezzlement is perpetrated by a person who handles cash receipts and then enters them into the computer system. He or she defers recording the cash receipts from one customer and covers the shortages with receipts of another. These in turn are covered from the receipts of a third customer a few days later. The employee must continue to cover the shortage through repeated lapping, replace the stolen money, or find another way to conceal the shortage.
This embezzlement can be easily prevented by separation of duties and a mandatory vacation policy for employees who both handle cash and enter cash receipts into the system. It can be detected by comparing the name, amount, and dates shown on remittance advices with cash receipts journal entries and related duplicate deposit slips. Because this procedure is relatively time-consuming, it is ordinarily performed only when specific concerns with embezzlement exist because of a deficiency in internal control.

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Auditors use the same methodology for designing tests of controls and substantive tests of transactions for cash receipts as they use for sales. Cash receipts tests of controls and substantive tests of transactions audit procedures are developed around the same framework used for sales, but of course the specific objectives are applied to cash receipts. Given the transaction-related audit objectives, the auditor follows this process:
Determine key internal controls for each audit objective
Design tests of control for each control used to support a reduced control risk
Design substantive tests of transactions to test for monetary misstatements for each objective
As in all other audit areas, the tests of controls depend on the controls the auditor identifies, the extent they will be relied on to reduce assessed control risk, and whether the company being audited is publicly traded.
Because the methodology for cash receipts is similar to that for sales, our discussion is not as detailed as our discussion of the internal controls, tests of controls, and substantive tests of transactions for the audit of sales. Instead, we focus on the substantive audit procedures that are most likely to be misunderstood.
An essential part of the auditor’s responsibility in auditing cash receipts is to identify deficiencies in internal control that increase the likelihood of fraud.
he most difficult type of cash embezzlement for auditors to detect is when it occurs before the cash is recorded in the cash receipts journal or other cash listing, especially if the sale and cash receipt are recorded simultaneously. For example, if a grocery store clerk takes cash and intentionally fails to record the sale and receipt of cash on the cash register, it is extremely difficult to discover the theft.
e type of control will, of course, depend on the type of business. For example, the controls for a retail store in which the cash is received by the same person who sells the merchandise and enters cash receipts in a cash register should be different from the controls for a company in which all receipts are received through the mail several weeks after the sales have taken place.
It is normal practice to trace from prenumbered remittance advices or prelists of cash receipts to the cash receipts journal and subsidiary accounts receivable records as a substantive test of the recording of actual cash received. This test will be effective only if a prelisting or other record of payments was prepared at the time payments were received.
PrepareProof of Cash Receipts
A useful audit procedure to test whether all recorded cash receipts have been deposited in the bank account is a proof of cash receipts. In this test, the total cash receipts recorded in the cash receipts journal for a given period, such as a month, are reconciled with the actual deposits made to the bank during the same period. A difference in the two may be the result of deposits in transit and other items, but the amounts can be reconciled and compared. This procedure is not useful in discovering cash receipts that have not been recorded in the journals or time lags in making deposits, but it can help uncover recorded cash receipts that have not been deposited, unrecorded deposits, unrecorded loans, bank loans deposited directly into the bank account, and similar misstatements. Ordinarily, this somewhat time-consuming procedure is used only when the controls are deficient. In rare instances, when controls are extremely weak, the period covered by the proof of cash receipts may cover the entire year.
Lapping of accounts receivable is the postponement of entries for the collection of receivables to conceal an existing cash shortage. The embezzlement is perpetrated by a person who handles cash receipts and then enters them into the computer system. He or she defers recording the cash receipts from one customer and covers the shortages with receipts of another. These in turn are covered from the receipts of a third customer a few days later. The employee must continue to cover the shortage through repeated lapping, replace the stolen money, or find another way to conceal the shortage.
This embezzlement can be easily prevented by separation of duties and a mandatory vacation policy for employees who both handle cash and enter cash receipts into the system. It can be detected by comparing the name, amount, and dates shown on remittance advices with cash receipts journal entries and related duplicate deposit slips. Because this procedure is relatively time-consuming, it is ordinarily performed only when specific concerns with embezzlement exist because of a deficiency in internal control.

cash - a collection of thoughts (full album mix) [ambient]

a collection of thoughts.
this album is not exactly my best work, heck i hate every song out of it but the reason i’m putting it out is cause honestly, they’re...

a collection of thoughts.
this album is not exactly my best work, heck i hate every song out of it but the reason i’m putting it out is cause honestly, they’re really personal and i made each song with all my heart.
this album is a collection of various pieces, composed by your truly that expresses different emotions and phases of my life or you could say it’s just a weird teen whining and crying for no reason.
this album represents how i dealt with everything i went through, from all the bullying in school to the bad writers’ blocks and tried expressing them through these pieces in the best way i possibly could.
thank you for all the support, it’s incredible and was one of the things that inspired me to work on an album. i’ll be back with more music i hope soon.
love,
your boy cash
ps- all proceeds from this album will go to charitable work.
tracklist:
0:00 - isolé
4:48 - decouragé
9:12 - 4lienetic x solace x cash - éloigné (cash rework)
12:48 - ikigai
15:36 - somnus
21:00 - tranquil
23:36 - 4lienetic x solace x cash - éloigné (piano version)
album art by the amazing, amazing chrms :D
catch him here:
https://soundcloud.com/chrmsmusic
https://www.youtube.com/channel/UCxzr01BpHF1cfR76dWbuFyg/videos
https://www.instagram.com/chrmsmusic/
artists feautured:
4lienetic: https://soundcloud.com/4lienetic
solace: https://soundcloud.com/solace_music
soundcloud release: https://soundcloud.com/cash-official/sets/a-collection-of-thoughts-full
bandcamp: https://mynameiscash.bandcamp.com/album/a-collection-of-thoughts
up on all other stores soon :)

a collection of thoughts.
this album is not exactly my best work, heck i hate every song out of it but the reason i’m putting it out is cause honestly, they’re really personal and i made each song with all my heart.
this album is a collection of various pieces, composed by your truly that expresses different emotions and phases of my life or you could say it’s just a weird teen whining and crying for no reason.
this album represents how i dealt with everything i went through, from all the bullying in school to the bad writers’ blocks and tried expressing them through these pieces in the best way i possibly could.
thank you for all the support, it’s incredible and was one of the things that inspired me to work on an album. i’ll be back with more music i hope soon.
love,
your boy cash
ps- all proceeds from this album will go to charitable work.
tracklist:
0:00 - isolé
4:48 - decouragé
9:12 - 4lienetic x solace x cash - éloigné (cash rework)
12:48 - ikigai
15:36 - somnus
21:00 - tranquil
23:36 - 4lienetic x solace x cash - éloigné (piano version)
album art by the amazing, amazing chrms :D
catch him here:
https://soundcloud.com/chrmsmusic
https://www.youtube.com/channel/UCxzr01BpHF1cfR76dWbuFyg/videos
https://www.instagram.com/chrmsmusic/
artists feautured:
4lienetic: https://soundcloud.com/4lienetic
solace: https://soundcloud.com/solace_music
soundcloud release: https://soundcloud.com/cash-official/sets/a-collection-of-thoughts-full
bandcamp: https://mynameiscash.bandcamp.com/album/a-collection-of-thoughts
up on all other stores soon :)

A full tour of the 2012Johnny Cash box set which contains every album he recorded for Columbia Records. See all 63 discs, the book that comes with the set, and learn how to complete your Johnny Cash discography with the albums not included in the box.
Check out our ElvisCompleteCollection Unboxing here:
https://youtu.be/t31PmBmBdr0
Buy the set here:
https://www.amazon.com/Complete-Columbia-Album-Collection/dp/B008DDC874/ref=sr_1_1?ie=UTF8&qid=1505417499&sr=8-1&keywords=johnny+cash+columbia+albums
Be sure to visit CerealAtMidnight.com for more stuff to keep you up until dawn.

A full tour of the 2012Johnny Cash box set which contains every album he recorded for Columbia Records. See all 63 discs, the book that comes with the set, and learn how to complete your Johnny Cash discography with the albums not included in the box.
Check out our ElvisCompleteCollection Unboxing here:
https://youtu.be/t31PmBmBdr0
Buy the set here:
https://www.amazon.com/Complete-Columbia-Album-Collection/dp/B008DDC874/ref=sr_1_1?ie=UTF8&qid=1505417499&sr=8-1&keywords=johnny+cash+columbia+albums
Be sure to visit CerealAtMidnight.com for more stuff to keep you up until dawn.

Johnny CashGreatest Hits Full Album 2017 | Best Of Johnny Cash
Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash
Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash
LinkVideo: https://youtu.be/5jJnGEwcAhc

Johnny CashGreatest Hits Full Album 2017 | Best Of Johnny Cash
Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash
Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash
LinkVideo: https://youtu.be/5jJnGEwcAhc

Watch the on-demand webinar where through a client's case study, our Oracle expert will help you understand how you can improve cash flow, increase efficiency a...

Watch the on-demand webinar where through a client's case study, our Oracle expert will help you understand how you can improve cash flow, increase efficiency and optimize customer relationships.
A social media company shifted from AR Collections to Oracle Collections and improved the effectiveness of their collection agents.
Are your collection agents spending more time answering customer inquiries and handling disputes than actually collecting payments? Is your collection process labor intensive and inefficient? Can your collection agents quickly assess the high risk accounts and transactions to prioritize and focus their collection efforts?
For more information, please visit: http://www.jadeglobal.com
Also connect with us on:
LinkedIn: https://www.linkedin.com/company/jade-global
Twitter: https://twitter.com/JadeGlobal
Facebook: https://www.facebook.com/jadeglobal

Watch the on-demand webinar where through a client's case study, our Oracle expert will help you understand how you can improve cash flow, increase efficiency and optimize customer relationships.
A social media company shifted from AR Collections to Oracle Collections and improved the effectiveness of their collection agents.
Are your collection agents spending more time answering customer inquiries and handling disputes than actually collecting payments? Is your collection process labor intensive and inefficient? Can your collection agents quickly assess the high risk accounts and transactions to prioritize and focus their collection efforts?
For more information, please visit: http://www.jadeglobal.com
Also connect with us on:
LinkedIn: https://www.linkedin.com/company/jade-global
Twitter: https://twitter.com/JadeGlobal
Facebook: https://www.facebook.com/jadeglobal

17 Ways to Improve Your Order to Cash Cycle

Watch this video to learn 17 tips to help you speed up the order to cash cycle in your business by improving the accounts receivable management and invoice coll...

Watch this video to learn 17 tips to help you speed up the order to cash cycle in your business by improving the accounts receivable management and invoice collection process. Learn more about improving the order to cash cycle at www.anytimecollect.com

Watch this video to learn 17 tips to help you speed up the order to cash cycle in your business by improving the accounts receivable management and invoice collection process. Learn more about improving the order to cash cycle at www.anytimecollect.com

Cost Accounting 18: Cash Budgeting- Receivables and Payables

This video addresses planning a cash budget- the timing of receivables and payables. Ken Boyd is the owner of St. LouisTest Preparation (www.stltest.net). He p...

This video addresses planning a cash budget- the timing of receivables and payables. Ken Boyd is the owner of St. LouisTest Preparation (www.stltest.net). He provides tutoring in accounting and finance to both graduate and undergraduate students. As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to education.

This video addresses planning a cash budget- the timing of receivables and payables. Ken Boyd is the owner of St. LouisTest Preparation (www.stltest.net). He provides tutoring in accounting and finance to both graduate and undergraduate students. As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to education.

Please drop a like and subscribe for more nightcore! Thank you :)
I love Cash CashMusic :D
Music:
Cash Cash -- Surrender 0:00
Cash Cash -- Hero 3:00
Cash Cash -- Turn 5:53
Cash Cash -- Untouchable 9:05
Cash Cash -- Take Me Home 12:33
Cash Cash -- After Shock 15:35
Cash Cash -- We Will Live 18:40
Cash Cash -- How To Love 22:06
Wallpaper/picture used:
Durarara
Vocaloids
Seraph of the end
Mondaiji Tachi
Accel World
The Irregular at Magic High SchoolKuroko no basket
The pet girl of sakurasou
Please support the original artist(s):
Cash Cash's Album:
Spotify: http://smarturl.it/StreamCashCash
Apple Music: http://smarturl.it/BloodSweat3Years_am
Soundcloud: http://smarturl.it/BloodSweat3Years_SC
iTunes: http://smarturl.it/BloodSweat3Years
Beatport: http://smarturl.it/BloodSweat3Years_B
Amazon: http://smarturl.it/BloodSweat3Years_a
GooglePlay: http://smarturl.it/BloodSweat3Years_g
Follow Cash Cash
http://soundcloud.com/cashcash
http://facebook.com/cashcash
http://twitter.com/cashcash
http://cashcashmusic.com
COPYRIGHT ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I do not own any music/nightcore uploaded on this channel, I also do not own the pictures. If this is your track/music/picture and you want it to be removed please contact: BestNightCoreNA@gmail.com and it will be removed within 24 hours.
PLEASE READ
I don't own anything in the video, including the audio and picture. The credits go to the respective owners. This video is purely fan-made, and will not be used for profit or illegal sharing. I just upload this to share this great music with the world. Thank you.
Fair Use
"CopyrightDisclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair
Too many songs to post lyrics for :(

Please drop a like and subscribe for more nightcore! Thank you :)
I love Cash CashMusic :D
Music:
Cash Cash -- Surrender 0:00
Cash Cash -- Hero 3:00
Cash Cash -- Turn 5:53
Cash Cash -- Untouchable 9:05
Cash Cash -- Take Me Home 12:33
Cash Cash -- After Shock 15:35
Cash Cash -- We Will Live 18:40
Cash Cash -- How To Love 22:06
Wallpaper/picture used:
Durarara
Vocaloids
Seraph of the end
Mondaiji Tachi
Accel World
The Irregular at Magic High SchoolKuroko no basket
The pet girl of sakurasou
Please support the original artist(s):
Cash Cash's Album:
Spotify: http://smarturl.it/StreamCashCash
Apple Music: http://smarturl.it/BloodSweat3Years_am
Soundcloud: http://smarturl.it/BloodSweat3Years_SC
iTunes: http://smarturl.it/BloodSweat3Years
Beatport: http://smarturl.it/BloodSweat3Years_B
Amazon: http://smarturl.it/BloodSweat3Years_a
GooglePlay: http://smarturl.it/BloodSweat3Years_g
Follow Cash Cash
http://soundcloud.com/cashcash
http://facebook.com/cashcash
http://twitter.com/cashcash
http://cashcashmusic.com
COPYRIGHT ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I do not own any music/nightcore uploaded on this channel, I also do not own the pictures. If this is your track/music/picture and you want it to be removed please contact: BestNightCoreNA@gmail.com and it will be removed within 24 hours.
PLEASE READ
I don't own anything in the video, including the audio and picture. The credits go to the respective owners. This video is purely fan-made, and will not be used for profit or illegal sharing. I just upload this to share this great music with the world. Thank you.
Fair Use
"CopyrightDisclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair
Too many songs to post lyrics for :(

Budget 1 - Schedule of Expected Cash Collections

The links to the problems are no longer working.
If you want updated videos (with working links) try this playlist:
https://youtu.be/2eG_UVdoJrA
In this series of videos we will prepare 7 types of budgets.
1.) Schedule of Expected CashCollections
2.) ProductionBudget
3.) Materials Purchases Budget
4.) Direct labour Budget
5.) Manufacturing Overhead Budget
6.) Selling and Administrative Budget
7.) Cash Budget
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.

What isCASH COLLECTION? What does CASH COLLECTION mean? CASH COLLECTION meaning - CASH COLLECTION definition - CASH COLLECTION explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Cash collection is a function of Accounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.
Unpaid invoices are considered outstanding.
Invoices are always issued with terms of payment. These terms vary widely from 'Cash terms', meaning that the invoice is due immediately, to many forms of 'Credit terms' (for example 30 days from date of invoice).
Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.
It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced debts do not become doubtful or bad.

10:36

Cash Collections Budget

In this video, we discuss the cash collections budget. Sometimes the cash collections budg...

Cash Collections Budget

In this video, we discuss the cash collections budget. Sometimes the cash collections budget is incorporated into the cash budget but since this can be a confusing topic, I like to calculate it outside the cash budget. We discuss selling on account, accounts receivable, and calculating the amount of cash collected each month. You can download the entire budgeting problem on my website and see the rest of the videos in this series: http://accountinginfocus.com/managerial-accounting-2/budgeting/operating-budgets/

Storage Wars North - INTERNATIONAL CASH COLLECTION FIND part 2

CASH COLLECTION FIND P.2 - WHAT'S IT WORTH!? Let's find out!
Thank you for watching, and hopefully enjoying some of my adventures. I appreciate you all very much like finding cash. Join me on my journey of finding gold, whether it be REAL gold or rusty crusty gold in storage units and elsewhere. The fun has only just begun. I invite you on my journey from a person with a dream, to a person who's accomplished their dreams. I'll repay you all in so many ways and have fun with that! Keep on rocking in the free world! Good wishes and happy vibes my brothers and sisters!
p.s. I want to tip my hat to my old college friend on this one. He saw a gold video of mine years back and said I needed "CHA CHING" sound effects. Here's that video buddy! I've got plenty of CHA CHINGS in there for ya, and more to come! CHAAAAA CHIIIINNNG!!! :D !!! Toot toot! (cha ching)

PULLING CASH FROM MY ARCADE!!!

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12:42

Accounting Cash Collection With SAP Collections Management

SAP Cash Management is SAP’s financial module used to manage companies’ cash position and ...

Accounting Cash Collection With SAP Collections Management

SAPCash Management is SAP’s financial module used to manage companies’ cash position and liquidity forecast. This module relies heavily on the FI modules (General Ledger, Accounts Receivable and Payable) as main sources of information. It filters FI information to keep only cash relevant postings that it organizes and aggregates according to their cash flow characteristics. SAP Cash Management distinguishes between the cash position and the liquidity forecast. Although this distinction seems to indicate a difference in planning term (cash position referring to short term planning and liquidity forecast referring to mid-term planning), there is actually a more subtile difference. From SAP terminology point of view, the cash position is updated only when the amount, the term, the currency AND the cash account that will be debited or credited are known. When the cash account is unknown, SAP updates the liquidity forecast. This means that a movement on a bank account or a payment in transit account (represented by G/L accounts in the system) will update the cash position while an invoice on a customer account will affect only the liquidity forecast since the cash account that will be debited when the customer will pay his invoice is unknown as long as the payment has not occurred.
TransactionCode (Tcode):
FF73 - AutomaticCashConcentration
FF.8 - BankCorrespondence
FF.9 - Post Payment Advices from Cash Management and Forecast
FF7A - Cash Management and Forecast
FF7B - Cash Management and Forecast
FF63 - CreateMemoRecordSAP SE (Systems, Applications & Products in Data Processing) is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. SAP is headquartered in Walldorf, Baden-Württemberg, Germany, with regional offices in 130 countries.The company has over 293,500 customers in 190 countries.
In 1973, the first commercial product was launched. It was called SAP R/98 and offered a common system for multiple tasks. This permitted the use of a centralized data storage, improving the maintenance of data. From a technical point of view, therefore, a database was necessary.
In 1976, SAP GmbH was founded, and moved its headquarters the following year to Walldorf, Germany. Three years later, in 1979, SAP launched SAP R/2, expanding the capabilities of the system to other areas, such as material management and production planning. In 1981, SAP brought a re-designed product to market.

Automatic cash collection

Cash collection

Cash collectionis a function ofAccounts receivable. It is the recovery of cash from a business or individual with which you have issued an Invoice.

Unpaid invoices are considered outstanding.

Invoices are always issued with terms of payment. These terms vary widely from 'Cash terms', meaning that the invoice is due immediately, to many forms of 'Credit terms' (for example 30 days from date of invoice).

Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.

It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced debts do not become doubtful or bad.

Meghna Gulzar’s spy thriller ‘Raazi’ starred Alia Bhatt and Vicky Kaushal in the lead. The JungleePictures and Dharma Productions’ film collected Rs 3.15 crore on its second Wednesday, taking its second week’s box-office collection to Rs 31.89 crore and its grand total collection to Rs 88.48 crore at the box-office ... 'Raazi' box-office collection Day 12 ... ....

Microsoft has unveiled the newest arrivals to its Xbox GamePass service for the month of June, and they include Mega ManLegacyCollection 2 and Wasteland 2. Mega Man Legacy Collection 2 released last year, and caps off the work that Capcom started with its original Mega Man Legacy Collection....

At least until June 12. Almost all of the candidates hoping to petition their way onto the August primary ballot are paying petition circulators to collect signatures, and the salaries they are offering are quite competitive ... He’s also offering a $30 bonus for collecting more than 30 signatures in a day, and a $50 bonus for collecting more than 40 signatures per day ... ....

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Auditors use the same methodology for designing tests of controls and substantive tests of transactions for cash receipts as they use for sales. Cash receipts tests of controls and substantive tests of transactions audit procedures are developed around the same framework used for sales, but of course the specific objectives are applied to cash receipts. Given the transaction-related audit objectives, the auditor follows this process:
Determine key internal controls for each audit objective
Design tests of control for each control used to support a reduced control risk
Design substantive tests of transactions to test for monetary misstatements for each objective
As in all other audit areas, the tests of controls depend on the controls the auditor identifies, the extent they will be relied on to reduce assessed control risk, and whether the company being audited is publicly traded.
Because the methodology for cash receipts is similar to that for sales, our discussion is not as detailed as our discussion of the internal controls, tests of controls, and substantive tests of transactions for the audit of sales. Instead, we focus on the substantive audit procedures that are most likely to be misunderstood.
An essential part of the auditor’s responsibility in auditing cash receipts is to identify deficiencies in internal control that increase the likelihood of fraud.
he most difficult type of cash embezzlement for auditors to detect is when it occurs before the cash is recorded in the cash receipts journal or other cash listing, especially if the sale and cash receipt are recorded simultaneously. For example, if a grocery store clerk takes cash and intentionally fails to record the sale and receipt of cash on the cash register, it is extremely difficult to discover the theft.
e type of control will, of course, depend on the type of business. For example, the controls for a retail store in which the cash is received by the same person who sells the merchandise and enters cash receipts in a cash register should be different from the controls for a company in which all receipts are received through the mail several weeks after the sales have taken place.
It is normal practice to trace from prenumbered remittance advices or prelists of cash receipts to the cash receipts journal and subsidiary accounts receivable records as a substantive test of the recording of actual cash received. This test will be effective only if a prelisting or other record of payments was prepared at the time payments were received.
PrepareProof of Cash Receipts
A useful audit procedure to test whether all recorded cash receipts have been deposited in the bank account is a proof of cash receipts. In this test, the total cash receipts recorded in the cash receipts journal for a given period, such as a month, are reconciled with the actual deposits made to the bank during the same period. A difference in the two may be the result of deposits in transit and other items, but the amounts can be reconciled and compared. This procedure is not useful in discovering cash receipts that have not been recorded in the journals or time lags in making deposits, but it can help uncover recorded cash receipts that have not been deposited, unrecorded deposits, unrecorded loans, bank loans deposited directly into the bank account, and similar misstatements. Ordinarily, this somewhat time-consuming procedure is used only when the controls are deficient. In rare instances, when controls are extremely weak, the period covered by the proof of cash receipts may cover the entire year.
Lapping of accounts receivable is the postponement of entries for the collection of receivables to conceal an existing cash shortage. The embezzlement is perpetrated by a person who handles cash receipts and then enters them into the computer system. He or she defers recording the cash receipts from one customer and covers the shortages with receipts of another. These in turn are covered from the receipts of a third customer a few days later. The employee must continue to cover the shortage through repeated lapping, replace the stolen money, or find another way to conceal the shortage.
This embezzlement can be easily prevented by separation of duties and a mandatory vacation policy for employees who both handle cash and enter cash receipts into the system. It can be detected by comparing the name, amount, and dates shown on remittance advices with cash receipts journal entries and related duplicate deposit slips. Because this procedure is relatively time-consuming, it is ordinarily performed only when specific concerns with embezzlement exist because of a deficiency in internal control.

cash - a collection of thoughts (full album mix) [ambient]

a collection of thoughts.
this album is not exactly my best work, heck i hate every song out of it but the reason i’m putting it out is cause honestly, they’re really personal and i made each song with all my heart.
this album is a collection of various pieces, composed by your truly that expresses different emotions and phases of my life or you could say it’s just a weird teen whining and crying for no reason.
this album represents how i dealt with everything i went through, from all the bullying in school to the bad writers’ blocks and tried expressing them through these pieces in the best way i possibly could.
thank you for all the support, it’s incredible and was one of the things that inspired me to work on an album. i’ll be back with more music i hope soon.
love,
your boy cash
ps- all proceeds from this album will go to charitable work.
tracklist:
0:00 - isolé
4:48 - decouragé
9:12 - 4lienetic x solace x cash - éloigné (cash rework)
12:48 - ikigai
15:36 - somnus
21:00 - tranquil
23:36 - 4lienetic x solace x cash - éloigné (piano version)
album art by the amazing, amazing chrms :D
catch him here:
https://soundcloud.com/chrmsmusic
https://www.youtube.com/channel/UCxzr01BpHF1cfR76dWbuFyg/videos
https://www.instagram.com/chrmsmusic/
artists feautured:
4lienetic: https://soundcloud.com/4lienetic
solace: https://soundcloud.com/solace_music
soundcloud release: https://soundcloud.com/cash-official/sets/a-collection-of-thoughts-full
bandcamp: https://mynameiscash.bandcamp.com/album/a-collection-of-thoughts
up on all other stores soon :)

33:44

3000 CASH SPENDING SPREE! NEAR FULL CUE COLLECTION 8 BALL POOL

TITLE SPEAKS FOR ITSELF ;) THANKS FOR WATCHING LIKE AND SUB MY FRIENDS I LOVE U ALL!
...

A full tour of the 2012Johnny Cash box set which contains every album he recorded for Columbia Records. See all 63 discs, the book that comes with the set, and learn how to complete your Johnny Cash discography with the albums not included in the box.
Check out our ElvisCompleteCollection Unboxing here:
https://youtu.be/t31PmBmBdr0
Buy the set here:
https://www.amazon.com/Complete-Columbia-Album-Collection/dp/B008DDC874/ref=sr_1_1?ie=UTF8&qid=1505417499&sr=8-1&keywords=johnny+cash+columbia+albums
Be sure to visit CerealAtMidnight.com for more stuff to keep you up until dawn.

Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash

Johnny CashGreatest Hits Full Album 2017 | Best Of Johnny Cash
Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash
Johnny Cash Greatest Hits Full Album 2017 | Best Of Johnny Cash
LinkVideo: https://youtu.be/5jJnGEwcAhc

Johnny Cash - The Best of Country Music (The Great...

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Meghna Gulzar’s spy thriller ‘Raazi’ starred Alia Bhatt and Vicky Kaushal in the lead. The JungleePictures and Dharma Productions’ film collected Rs 3.15 crore on its second Wednesday, taking its second week’s box-office collection to Rs 31.89 crore and its grand total collection to Rs 88.48 crore at the box-office ... 'Raazi' box-office collection Day 12 ... ....

Microsoft has unveiled the newest arrivals to its Xbox GamePass service for the month of June, and they include Mega ManLegacyCollection 2 and Wasteland 2. Mega Man Legacy Collection 2 released last year, and caps off the work that Capcom started with its original Mega Man Legacy Collection....

At least until June 12. Almost all of the candidates hoping to petition their way onto the August primary ballot are paying petition circulators to collect signatures, and the salaries they are offering are quite competitive ... He’s also offering a $30 bonus for collecting more than 30 signatures in a day, and a $50 bonus for collecting more than 40 signatures per day ... ....

The owners of some of the rarest cars in the nation drove their antique vehicles from Bloomington to Pekin Wednesday put-put-putting along back country roads to a secret Pekin treasure seen by few.The antique car collection of Pekinite RogerBrotherton is nestled away in a secret, equally vintage building. Brotherton, 56, has 16 collectible cars and ......

Yelp is both making it easier to find new businesses and simpler to save and find other companies with a new tool called Collections. Some are generated using artificial intelligence, others by Yelp staff and more by users. The post Yelp now uses A.I. to deliver personalized recommendations with Collections appeared first on Digital Trends... ....

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